New York, Feb 23, 2026, 05:04 EST — Premarket
- RNG holds its ground ahead of the open, following a strong rally on Friday.
- Last week’s dividend and buyback announcement continues to steer trading action.
- Targets keep moving up, with analysts raising estimates while investors seek confirmation.
RingCentral, Inc. stock hovered at about $39.50 ahead of Monday’s open, sticking close to where it settled on Friday. The previous session saw the shares surge 34.4%. (Yahoo Finance)
Swings like that might last—or disappear quickly when regular trading kicks in. For RingCentral, it comes down to this: will buyers step back in as volume picks up?
Belmont, California’s RingCentral reported on Feb. 19 that it logged $530 million in free cash flow for 2025, with guidance for 2026 running between $580 million and $600 million. The company, which defines free cash flow as cash remaining after capital expenditures, initiated a quarterly dividend and bumped its share repurchase authorization up to $500 million. Revenue is expected to climb 4% to 5% this year. CEO Vlad Shmunis cited “AI is proving to be a strong tailwind,” while CFO Vaibhav Agarwal highlighted “disciplined execution” as a factor in better margins. (RingCentral)
Oppenheimer bumped up its price target on RingCentral to $38 from $35, sticking with an Outperform call. The analysts said the company is still “early in its evolution,” pointing to its shift toward a broader, multi-product platform. They also highlighted “strong momentum” in AI features. Customers using at least one AI product now make up nearly 10% of annual recurring revenue — a key sales metric. (TipRanks)
Catharine Trebnick at Rosenblatt bumped her price target up to $37.50 from $32 and kept her Buy call in place after the earnings release. In her note, Trebnick said management’s 2026 outlook “underscores a durable profitable growth profile,” despite the forecast for revenue growth to stick to mid-single digits. (TipRanks)
Mizuho held its Neutral stance but bumped up its price target to $32 from $27, citing improved operating margins. The firm also noted that RingCentral’s adjusted EPS hit $1.18, topping consensus. (Investing.com)
Morgan Stanley bumped its price target up to $33 from a previous $30, sticking with an Equalweight rating, according to MT Newswires. (MarketScreener)
RingCentral is rolling out OpenAI’s models — GPT-5.2 included — to push its enterprise voice AI further, embedding generative AI directly into live phone calls. President Kira Makagon framed the partnership as a way to “turn powerful technology into tangible business value.” OpenAI chief commercial officer Giancarlo ‘GC’ Lionetti took it a step further, calling it a shift that “moves beyond insight and into action.” (RingCentral)
Eyes are also on other contact-center software players. Five9, which is smaller, issued a 2026 revenue outlook of $1.25 billion to $1.26 billion after posting its latest quarterly results last week. (Investing.com)
RingCentral’s growth forecast remains stuck in the mid-single digits, while the stock trades above multiple pre-earnings targets. Should enterprise clients push off upgrades once more, or if budgets pivot from tech toward sales and product just to maintain share, this run-up might lose steam.
Monday’s session has traders waiting to see if momentum holds as liquidity comes back in, plus watching for any new revisions post-open. According to a filing, the initial dividend is set for payout on March 16 to those registered as shareholders by March 9. (sec.gov)
